Ansoff Matrix - Business Stretegy & Growth - Simplest explanation Ever

The video introduces the Ansoff Matrix, a business model for growth strategies, explaining its four quadrants: market penetration, product development, market development, and diversification. Each quadrant represents different risk levels and strategies for businesses to grow by either developing new products or exploring new markets. The video uses Domino's Pizza as a consistent example to illustrate each strategy, emphasizing the varying risks and potential rewards associated with each approach.

What does market development entail according to the Ansoff Matrix?

Discuss the risks associated with diversification in the Ansoff Matrix.

How can a business balance the risks and rewards of the strategies outlined in the Ansoff Matrix?